Sue me! Business professor RichardPosthuma examined the number oflawsuits filed in all 50 states from1996 to 2003. He collected data on lawsuits filed in federal court re-garding employment issues. Some states had a few hundred lawsuits,while other states had thousands.Here are the summary statistics.(Business Horizons, 2012, 55)a) Find and interpret a 90% confidence interval for themean number of employment-related lawsuits thatstates might expect.b) What are the shortcomings of this interval? n 50mean 5734.18sd 6387.56med 3626min 178Q1 1303Q3 7897max 2631

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.